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Corporate Kits
What is a Corporate Kit?
A Corporate Kit is a binder usually containing essential items for the required maintenance and administration of a corporation.
A Corporate Seal is a device made to either emboss or imprint certain company information onto documents.
Corporate kits most often include a corporate seal; printed stock certificates; corporate minute book; goldstamping of corporation name; sample forms of corporate bylaws and minutes; various IRS, stock transfer ledger and annual corporate minutes worksheet forms. You do not need to be an attorney, enrolled tax agent or CPA to purchase a corporate kit.. A person who is not an attorney, CPA or enrolled agent can still use a corporate kit supplier to file their corporation or LLC with the Secretary of State, reserve corporate and LLC names, and produce corporate kits and LLC kits or other corporate supplies for them. However, as The Attorney Store is a service company and not a law or tax firm, we recommend you speak with a professional advisor so that you may be properly advised as to what course of action to take before you incorporate or form a LLC. You can find a Business Attorney here.
Why you need a corporate kit
Professionally designed corporate kits and LLC kits allow you to protect and organize your LLC and corporate records. Since corporations are required to retain certain documents such as minutes for shareholders’ and directors’ meetings, corporation accounting records, and document major corporate resolutions, corporate binders provide the perfect method to organize and store the above–mentioned important documents. Furthermore, LLC and corporate kits contain necessary documents and items one would need to facilitate the aforementioned organizational formalities and the continuous process of maintaining corporate and LLC records.
How it works.
Once your corporation is formed, you must comply with corporate formalities. These formalities include holding initial and annual meetings of directors and shareholders, adopting bylaws, and issuing shares of stock. Listed below are the best resources on the internet for help with corporate kits and the forms needed to get started and to maintain your Corporation or LLC:
If you need Legal Help Find Your Business Law Attorney Here.
Incorporating is one of the best ways a business owner has to protect his or her personal assets. Most people choose to incorporate solely for this reason, but there are other advantages as well. For example, the corporate business structure allows you to more easily raise money from investors and gives you the choice of offering equity incentives for employees.
A Corporation is considered by law to be a unique entity separate from those that own it. As an individual entity, a corporation can be taxed, sued, and can enter into contractual agreements. Corporations are owned by shareholders of the corporation, which elect a board of directors to oversee the major business decisions and policies. When ownership changes in a corporation, the corporation does not dissolve.
